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Jan 31, 2013
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but you know the seed0s the last quarter's gdp were sow n in the summer of 2012 when president obama put politics ahead of our national security or any economic growth. its its ridiculous. >> that's the most important word, growth. when the economy opportunity grow you have no way of digging yourself out of the ditch. the 16-1/2 trillion ditch. here's my point. if the government stops pending, if the economy is so weak that when the government does stop spending, it goes into a neglect testify growth or recessioner in period, that's not the sign of a healthy economy? >> if agree with you. but keep in mine what i'm homing now, eric, we city a little stability, at least until 2014 elections. we know that people over 200,000 a year are going to pay 4-1/2% more in tax. we know there's certain stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you lo
but you know the seed0s the last quarter's gdp were sow n in the summer of 2012 when president obama put politics ahead of our national security or any economic growth. its its ridiculous. >> that's the most important word, growth. when the economy opportunity grow you have no way of digging yourself out of the ditch. the 16-1/2 trillion ditch. here's my point. if the government stops pending, if the economy is so weak that when the government does stop spending, it goes into a neglect...
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Jan 31, 2013
01/13
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obama issued a number of executive orders. >> bret: consumer spending slowed in desplat pite holiday season. income surged by 2.6%. the dow is down for second day in a row, falling 50 points. the s&p 500 dropped four. the nasdaq was off a fraction. senate signed off on pushing the debt limit deadline to may. senators prove the house bill that also includes provision some insiders are calling a bad idea whose time has come. chief political correspondent tells us more. >> they approved the house back no, budget no, pay bill with the current debt ceiling of $64 trillion in mid-may when it is estimated to be $50 million more. the house and senate have to pass budget by mid-april or member paychecks will be held. >> the united states could default on the obligation every few months. not an ideal way to run a government. a short-term solution is better than another imminent manufacturered crisis. >> house republicans passed budget in the obama era and created the salary threat so senate democrats who have not do so this year. >> republicans tried to pass amendments that prioritize payments
obama issued a number of executive orders. >> bret: consumer spending slowed in desplat pite holiday season. income surged by 2.6%. the dow is down for second day in a row, falling 50 points. the s&p 500 dropped four. the nasdaq was off a fraction. senate signed off on pushing the debt limit deadline to may. senators prove the house bill that also includes provision some insiders are calling a bad idea whose time has come. chief political correspondent tells us more. >> they...
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Jan 31, 2013
01/13
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they don't really want to talk about a contraction on president obama's watch. republicans aren't really comfortable with the idea that austerity -- that these big huge defense cuts and government spending cuts that we've seen can have a drag affect on the gdp going into the see sequester debate. both sides are uncomfortable with this number, and that's why we probably won't see it discussed for more than a news cycle or two. then we'll move on. >> affect show it's a kabarb. >> this is the very last time anybody will talk about this number in washington right here. >> we're making history. >> right. >> rona, the, sequestration debate, armageddon, whatever you want to call it, has been tossed around in a variety of different fashions, especially on the right because initially it was seen -- we cannot do this. defense cuts disproportionately hurt the gop, and, yet, now there is sort of maybe the sense that they will let sec west rags go ahead. mr. boehner says he has significant republican support, including gop defense hawks, on the side of letting the gop work.
they don't really want to talk about a contraction on president obama's watch. republicans aren't really comfortable with the idea that austerity -- that these big huge defense cuts and government spending cuts that we've seen can have a drag affect on the gdp going into the see sequester debate. both sides are uncomfortable with this number, and that's why we probably won't see it discussed for more than a news cycle or two. then we'll move on. >> affect show it's a kabarb. >> this...
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Jan 31, 2013
01/13
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when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding officer: without objection. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, we've -- we've essentially already voted on this. this is very similar to the portman amendment which lost by a vote of 54-44. this approach was rejected by the house of representatives when the speaker sent over his debt increase to us which gives us breathing room. we tried this approach suggested by the senator in august of 2011. it didn't work. this moves us backward, not forward. and i think we should give pra
when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding...
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Jan 31, 2013
01/13
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because of all the federal spending, president obama has added $5.8 trillion to the debt in just four years. so this is grim. america is in a bad place economically. but the folks don't seem to care. new "the washington post" poll says 60% of americans have a favorable opinion of president obama. that's a 3 year high. now, that approval may go down due to the sinking economy. there is no question americans like barack obama they are cutting him a tremendous amount of slack. could be style over substance because the president's achievements have been few. obama care is the law. we all know that. but corporations like boston scientific are laying off some workers. largely because of the cost they will incur for obama care health insurance. if that trend takes hold, we're all in big trouble. so we are living in a very interesting time. we have a popular president, a bad economy, and everybody paying more in taxes. simply doesn't add up. pardon the pun. and that's the memo. now for the top story tonight, an opposing point of view. with us one of the 8 a co-hosts of the five broadcast bob
because of all the federal spending, president obama has added $5.8 trillion to the debt in just four years. so this is grim. america is in a bad place economically. but the folks don't seem to care. new "the washington post" poll says 60% of americans have a favorable opinion of president obama. that's a 3 year high. now, that approval may go down due to the sinking economy. there is no question americans like barack obama they are cutting him a tremendous amount of slack. could be...
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Jan 31, 2013
01/13
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the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed americans back to work. as to the markets, of three indices finishin
the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal...
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Jan 31, 2013
01/13
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spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester
spending cuts. but you know what? the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all...
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Jan 31, 2013
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we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it is a prediction that at this point seems like a certainty, but i would argue it has been a near certainty once beat sequestration provision was written into the budget control act. i will talk a bit about sequestration per se, but i would regard it as a symptom and not the disease itself. the disease itself is erosion to the point of vanishing, almost, of the bipartisan political consensus for military string, for peace through strength, as people used to say. that is really something that over the course of my career has been a touchstone, something that people could bu
we are looking at unprecedented cuts in spending on national security. we are looking at the prospect of drawing down from afghanistan. we are looking at a lot of changes. not just here in the united states, but in the world. one of the questions i know that we have is whether we are ready for the exchanges. i suspect that most of us believe we are not. tom, make -- maybe you could start as out and talk about the sequestration that paul ryan told us this weekend is going to happen. >> it...